Seanad debates

Thursday, 5 March 2009

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage

 

3:00 pm

Photo of Paddy BurkePaddy Burke (Fine Gael)

Senator Ross makes perfect sense. The rate at which this country can borrow has increased dramatically in recent months. It does not make sense to borrow €1.6 billion at a very high rate when we do not need to do so. I cannot understand why the Minister of State is getting hot and bothered about the matter when he should be proposing it to his senior Minister and the Government.

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